Henry VII Finance Flashcards
1
Q
Sources of income- Royal Lands
A
Annual income went from £12k in 85 to £40k in 09- gained all of R3’s lands, 138 attainders, exploited rents- royal income from lands grew
2
Q
Other Sources of Income
A
Feudal dues- Master of Ward introduced to ensure wardship properly exploited
Bonds and recognisances
Trade- increased from £33k to £40k a year
8 parliamentary grants
Loans
French pension- £160k
3
Q
Chamber Finance
A
£17k a year received by chamber from 87-89
£27k a year from 89-95
£105k a year from 02-09
4
Q
Expenditure
A
Built Richmond and Greenwich Palaces
£300k on jewellery
Had to pay to defeat Simnel and Warbeck, and invade France
5
Q
Overall
A
Increased income significantly, but somewhat unpopular for greed
